Burberry Group plc (LON:BRBY) Receives Consensus Rating of “Hold” from Analysts

Burberry Group plc (LON:BRBY) has been assigned an average recommendation of “Hold” from the sixteen research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 1,624.69 ($19.99).

A number of research firms recently commented on BRBY. Societe Generale dropped their price target on shares of Burberry Group from GBX 1,800 ($22.15) to GBX 1,700 ($20.92) and set a “buy” rating for the company in a research note on Tuesday, May 5th. Morgan Stanley lifted their price target on shares of Burberry Group from GBX 1,550 ($19.07) to GBX 1,600 ($19.69) and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd. UBS Group lifted their price target on shares of Burberry Group from GBX 983 ($12.10) to GBX 1,001 ($12.32) and gave the stock a “sell” rating in a research note on Thursday, June 11th. Deutsche Bank reissued a “hold” rating on shares of Burberry Group in a research report on Tuesday, May 26th. Finally, Goldman Sachs Group lowered shares of Burberry Group to a “sell” rating and reduced their price target for the company from GBX 1,730 ($21.29) to GBX 1,490 ($18.34) in a report on Friday, June 5th.

In other news, insider Julie Brown sold 35,103 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of GBX 1,568 ($19.30), for a total value of £550,415.04 ($677,350.53).

Shares of LON:BRBY traded up GBX 48.50 ($0.60) on Tuesday, reaching GBX 1,583 ($19.48). The company’s stock had a trading volume of 1,052,403 shares, compared to its average volume of 2,130,000. Burberry Group has a 52-week low of GBX 1,017 ($12.52) and a 52-week high of GBX 2,362 ($29.07). The company has a market cap of $6.35 billion and a P/E ratio of 53.12. The company has a 50-day simple moving average of GBX 1,512.76 and a 200 day simple moving average of GBX 1,705.09. The company has a debt-to-equity ratio of 120.37, a quick ratio of 1.64 and a current ratio of 2.31.

About Burberry Group

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.

Read More: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Analyst Recommendations for Burberry Group (LON:BRBY)

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